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G4S Chief Executive Nick Buckles regrets taking Olympic Security contract


July 17, 2012 - London

After weeks of concerns and apologies over the security situation of the 2012 London Olympics, head of private security firm G4S Nick Buckles said that he regrets the decision to have taken the Olympic security contract. Buckles admitted to the Home Affairs Select Committee today that he had taken the contract to enhance the reputation of the firm.

G4S is likely to lose 50 million pounds from the 284 million pound contract for failing to provide the number of security staff as agreed. Buckles said that they are ready to reimburse the police and military for providing personnel to fill the gaps.

On July 12, Home Secretary Theresa May responded to an urgent question from Labour MP Keith Vaz that the military would provide 3500 troops for Olympic security. G4S soon apologized for the fiasco. Chairman of LOCOG Lord Coe announced on July 15 that the security will not be compromised.

Lord Coe told Chief Executive Nick Buckles, "It's a humiliating shambles, Mr Buckles", to which Buckles replied, " I cannot disagree with you". When asked why he hasn't resigned to his position after the security debacle, Buckles said that he is the only person who can ensure fulfilling the contract. Buckles said that he was told about recruitment problems by his team only on July 3. G4S is contracted to supply 10,000 members of security staff.

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